3532 18TH AVE S MINNEAPOLIS MN 55407

PID: 0202824410181

Property Overview

Parcel ID0202824410181

Lot Size5,655 sq ft (0.130 ac)

Lot Dimensions (est.)123 ft wide × 46 ft deep

Year Built1971

Property ClassAPARTMENT

OwnerCHERYL L ZIEGELMAN

Assessed Value$572,000

Land Value$79,400

Building Value$492,600

Annual Tax$11,114

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,384/mo

Renter-occupied31.1%

Median home value$271K

Vacancy rate4.5%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1097

Market Snapshot

Zip code 55407

Median sale price$340K+1.5% YoY

Median price / sqft$214/sqft

Median days to close22 days

Active listings49

Source: Redfin Data Center (Invalid Date) · Zip 55407

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width36 ft

Buildable depth83 ft

Area~2,987 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on small multifamily (2–4 units, wood frame) benchmarks for 2,987 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3536 18TH AVE S MINNEAPOLIS MN 55407	L K STORDALEN/L A STORDALEN	RESIDENTIAL	$273,500	46 ft
3530 18TH AVE S MINNEAPOLIS MN 55407	3530 TIC LLC	APARTMENT	$1,279,000	69 ft
3540 18TH AVE S MINNEAPOLIS MN 55407	SYPHRENA LILLYSONG WATSON	RESIDENTIAL	$349,500	103 ft
3533 17TH AVE S MINNEAPOLIS MN 55407	DAVID SCOTT MILLER	RESIDENTIAL	$272,100	134 ft
3520 18TH AVE S MINNEAPOLIS MN 55407	NUSTAR INVESTMENTS LLC	TRIPLEX	$419,200	137 ft
3537 17TH AVE S MINNEAPOLIS MN 55407	LELIS K BRITO	RESIDENTIAL-TWO UNIT	$381,800	141 ft
3529 17TH AVE S MINNEAPOLIS MN 55407	DAVID W GARLAND	RESIDENTIAL	$217,700	141 ft
3541 17TH AVE S MINNEAPOLIS MN 55407	SAMUEL PORTER	RESIDENTIAL	$268,000	161 ft
3525 17TH AVE S MINNEAPOLIS MN 55407	T H NGUYEN/A M MGUYEN-CISEK	RESIDENTIAL	$263,200	163 ft
3548 18TH AVE S MINNEAPOLIS MN 55407	HEIDI H PEMBERTON	RESIDENTIAL	$335,100	172 ft

Property History

Most Recent Sale

Date200407

Price$320,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$11,114